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THV system, final edition

  • #10,681
  • May 13, 2009 8:33pm May 13, 2009 8:33pm
Quoting MissPips
Hi Ed,

The trix does repaint one bar back after that bar has closed on occasion (This happens when it is flat, and you should be exercising caution anyway in that case.). I have posted screenshots of this happening in Cobra's development forum. I can confirm that I have only seen it doing this one bar back, and I watched it quite a bit while developing the MTF indies. I watched the 1, 5 and 15. It should work the same on all tfs.
Ed,MissPips
I've seen repainting one bar back on and off on 15 min and 30 min. It does repaint specially in consolidation, while market is trending fluently I haven't seen any instances so far. Watching it quite a bit to fine tune the strategy for longer TFs. I've also noticed, that div histos are one bar late as well.Haven't seen any repainting there. I am watching 15 and 30 min charts.
Cheers
Kaz
  • #10,682
  • May 13, 2009 8:39pm May 13, 2009 8:39pm
[quote=MonkeydLuffy;2730858]Thanks for the quick reply I will try with 17 pips in demo and will see how it goes.

Sorry mate, I forgot to mention that 17 pips is my emergency STOP. I normally add 2 to the SL shown by ATR indicator on my entry. Its been working fine ever since and only instances I've seen it got a hit are during news times.
Hope it helps.
Cheers
Kaz
  • #10,683
  • Edited 10:41pm May 13, 2009 9:03pm | Edited 10:41pm
Quoting SpecialEd
Hi Kaz,

Price has been funky lately, but my best set-up for entering on M30 is:
M30Fast, M30Slow, H1Fast all same color on the close (M15Fast optional), combined with M30Cloud and H1 Cloud being same color as well.

Good luck,
Ed
for the information Ed. I am using the following setup on M30:
MA's:21exp, 89exp.(defines NO MAN's LAND as coined by BB)
Cloud: 1hr, 30min
Trix: M30-F,M30-S,H1-F,H4-F
Entry: Green/Red (6/6)+ Close of candle below 21MA for short and 89 for long.
Exit: M30 color change on close of candle.
I've found that H4-F on M30 acts as an alarm to a potential setup as mentioned by BB earlier somewhere. So far,its just too good to believe. Attached is the chart from yesterday around 94 pips if exited at the close of M30-F. Its been a great setup this week. I'll test it today and tomo and if results continue to impress..i'll move to higher TF.
Thanks once again for your tips. Also a big thanks to BB for the tips about H1 and H4 color change to look for entry.
Cheers
Kaz

EDIT: Sorry guys..typo..I use 6/6 as entry not 5/5 mentioned previously.
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  • #10,684
  • May 13, 2009 9:07pm May 13, 2009 9:07pm
Thanks for the details, Kaz. That's a good looking chart you've got there, too! Good trading to you.

Hats off to the surfer turned trader as well.
Quoting kaizasoze
for the information Ed. I am using the following setup on M30:
MA's:21exp, 89exp.(defines NO MAN's LAND as coined by BB)
Cloud: 1hr, 30min
Trix: M30-F,M30-S,H1-F,H4-F
Entry: Green/Red (5/5)+ Close of candle below 21MA.
Exit: M30 color change on close of candle.
I've found that H4-F on M30 acts as an alarm to a potential setup as mentioned by BB earlier somewhere. So far,its just too good to believe. Attached is the chart from yesterday around 94 pips if exited at the close of M30-F. Its been a great setup this week. I'll test it today...
Up or down, gimme a ticket
  • #10,685
  • May 13, 2009 9:15pm May 13, 2009 9:15pm
Quoting kaizasoze
Exit: M30 color change on close of candle.Cheers
Kaz
Hi again Kaz. Only thing that I see in your post/set-up that I might disagree with is I don't wait for the close on M30 color change to exit. That leaves PIPs on the table, I'm pretty sure. Sometimes a not, sometimes not.

I should also add that I use the email alert, but only for "AlertonSlopeChange". My other alert, so that I don't have to sit in front of the computer all the time is I set alarm on my cell phone for 1 minute before each half (8:59, 9:29, etc.). That gives me a minute to get back to the computer, assess status of MissPips' lights, and get ready to execute a trade if the entry signal is there. I often get in right on the M30 candle's open.

From 10:00am to about 2:00pm EDT, I have also had great luck lately scalping on the M5. I enter as soon as M1F, M5F and M5C(loud) are the same color. I choose these hours to scalp because of lower volume. Since this is predominantly a scalping move, it is important to be watching the computer and hit the buy/sell immediately upon occurence of the signal. If you allow any delay at all (e.g., 10-15 PIPs), you could miss the majority of that period's move and really increase chances of running a loser trade.

I use the M30 almost exclusively between 3:30am and 10:00am EDT.
Up or down, gimme a ticket
  • #10,686
  • May 13, 2009 9:38pm May 13, 2009 9:38pm
Quoting SpecialEd
Hi again Kaz. Only thing that I see in your post/set-up that I might disagree with is I don't wait for the close on M30 color change to exit. That leaves PIPs on the table, I'm pretty sure. Sometimes a not, sometimes not.

EDT.
Hi Ed.
I do agree that I leave pips on table, sometimes a lot!
I am contemplating:
1. half closes(ie when candle is half way down and color change appeared a few times on lights)
2. look for areas of consolidation in previous weeks(in case of a 50+ pip move)

I am still optimizing my exits, so far candle close is the closest i could get out leaving minimum pips. Tested it over a two week period. Still working on it, may be more experienced gurus here can share their thoughts.

By the way I had another trade on same chart that I forgot to mention. Exit on close worked on this one(still left a 15+ pips on table though).

Thanks for sharing details once again. I learn something new from this thread everyday..just amazing!

Good trading to you
Cheers
Kaz
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  • #10,687
  • May 13, 2009 9:39pm May 13, 2009 9:39pm
Quoting kaizasoze
Also a big thanks to BB for the tips about H1 and H4 color change to look for entry.
Cheers
Kaz
How do you look for entry when H1 trix changes color? Do you wait for the 60m candle to close - because if you do, the PA on 30m chart likely may have zoomed past the cloud by than, and you would end up entering too late and catching only the tail end of the price move. And if you enter the trade before the 60m candle has closed, the trix color might whipshaw and prove your entry signal to be premature and false. This is what gives me indecision when I see MTF light for higher TF change on my lower TF chart - It puts me in double mind - Should I enter or should I wait for candle to close, and many times, I end up entering either too late or getting whipsawed after entering before candle close. I would like to know how other THV traders handle it.
  • #10,688
  • Edited 10:23pm May 13, 2009 10:10pm | Edited 10:23pm
Quoting kerty9
How do you look for entry when H1 trix changes color? Do you wait for the 60m candle to close - because if you do, the PA on 30m chart likely may have zoomed past the cloud by than, and you would end up entering too late and catching only the tail end of the price move. And if you enter the trade before the 60m candle has closed, the trix color might whipshaw and prove your entry signal to be premature and false. This is what gives me indecision when I see MTF light for higher TF change on my lower TF chart -...
I hope I understand your question properly. As I mentioned I use it only as an alarm for possible entries. Have a closer look at the chart I posted(M30EJ) H4-F changed red,followed by another red (H1-F was green on both occasions..saying wait!) plus clouds turned red in our favor..I got my tail up on "first" H4-F red and waited for H1-F to turn my favour got 6/6 and entered.
I was confident coz higher TF agreed for change and once 6/6 is hit you won't see it changing withing next bar or two.
M30-cloud and M30-F keeps you out of wipsaws and sideways markets.

I hope it helps.
Cheers
Kaz
  • #10,689
  • May 13, 2009 10:27pm May 13, 2009 10:27pm
So after some input from BB and others, I modified my rules a bit and now testing to see how the fine tune works on the daily time frame. So far so good (4 out of 5 green trades, one is a reentry after a 24 hour soak) and will post my results after more testing is complete.

It is so much nicer to check my charts once or twice a day. No Muss, No Fuss, but time will tell...

Current trade progress:
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  • #10,690
  • May 13, 2009 11:51pm May 13, 2009 11:51pm
Attachment
Quoting kaizasoze
Hi Ed.
I do agree that I leave pips on table, sometimes a lot!
I am contemplating:
1. half closes(ie when candle is half way down and color change appeared a few times on lights)
2. look for areas of consolidation in previous weeks(in case of a 50+ pip move)

I am still optimizing my exits, so far candle close is the closest i could get out leaving minimum pips. Tested it over a two week period. Still working on it, may be more experienced gurus here can share their thoughts.

By the way I had another trade on same chart that I forgot...

If you have the ability to monitor trades, I get out after cloud changes---then look for possible ignore signal for M30 exit 1 hr trix change cloud histo bar must be same color of trade direction though---no yellow

Just a thought.

Good trades to all
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  • #10,691
  • May 14, 2009 3:13am May 14, 2009 3:13am
First trade for this morning

+10 pips @ MS1

missed the one at break of MS2 but ...
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  • #10,692
  • May 14, 2009 3:17am May 14, 2009 3:17am
Missed this one during writing the post

Quite the same set up
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  • #10,693
  • May 14, 2009 5:17am May 14, 2009 5:17am
Here is my second trade for today, another profitable one ...

+10 pips
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  • #10,694
  • May 14, 2009 5:49am May 14, 2009 5:49am
Good morning all I found this indicator and thought it could be of use shows all tf
for stochastics it is the bottom indicator on the chart,sorry only have the exe file.

TJ
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Attached File(s)
File Type: ex4 All_Stochastics.ex4   9 KB | 671 downloads
  • #10,695
  • May 14, 2009 7:15am May 14, 2009 7:15am
My third trade for today is a loosing one ( first this week )

Here it is :

-10 pips

ps : The only difference I see from my other trades is that Fast Trix was not below 0 and there was no bearish cross ...
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  • #10,696
  • May 14, 2009 7:15am May 14, 2009 7:15am
kaizasoze.....SpecialEd.....proverbs.....thanks for the acknowlegements!

Exits are challenging. You can flip a coin and enter a trade; exiting at the right time is key to being successful.

Consider counting HA candles. More than eight; watch for a "pullback" or more. Switch to Japanese candle view and observe what the patterns are telling you about PA. Scale-in and scale-out as the trade progresses.

Remember; you can't squeeze every last pip out of a trade. If you try, you will lose more in the long term than you will gain. Be happy with carving a nice slice of pips out of the middle of a run. This is one of the reasons I like the higher TFs. When there is a 'wave' running on H4 or H1, we want to ride that larger wave by riding smaller waves on M30 or M15 (some of you like M5 and/or M1.......not for me, thanks). Trade WITH the larger trend by following the smaller trends inside the larger one; it's NOT rocket-science.

THV indicators and methods are very powerful when used properly and in the absence of greed (you can't get every pip!). We have recently been shown how individual traders have been successful by applying proven methods/strategies that are built on THV.

On a final note: some of us who have been here at FF for a while have asked that the current THV EA thread mess be clarified in Cobra and his team's favor.
  • #10,697
  • May 14, 2009 7:32am May 14, 2009 7:32am
Here it is with the Bearish Cross on Trix. So quite the same set-up and this time it goes well ...

+10 pips

I cover my previous loss.

Intresting this Bearish cross, I will keep this in mind
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  • #10,698
  • May 14, 2009 10:54am May 14, 2009 10:54am
Quoting BeachBum
kaizasoze.....SpecialEd.....proverbs.....thanks for the acknowlegements!

Exits are challenging. You can flip a coin and enter a trade; exiting at the right time is key to being successful.

.
precisely what i've been working for a past two weeks. One more thing i noticed on 15 min chart for exits is the touch of fast trix on overbought or oversold line..price usually goes sideways for a tea break if you will and then makes its next move. Just an observation..still testing(EJ) with mouse in one hand and beer in other!
Thanks once again BB for your help.
Cheers
Kaz
  • #10,699
  • May 14, 2009 1:12pm May 14, 2009 1:12pm
interesting observation about the TRIX line................

mouse and a beer; typical Aussie............I love it !!!

Quoting kaizasoze
precisely what i've been working for a past two weeks. One more thing i noticed on 15 min chart for exits is the touch of fast trix on overbought or oversold line..price usually goes sideways for a tea break if you will and then makes its next move. Just an observation..still testing(EJ) with mouse in one hand and beer in other!
Thanks once again BB for your help.
Cheers
Kaz
  • #10,700
  • May 15, 2009 4:26pm May 15, 2009 4:26pm
I'am still with E/J Trades trading off the 4H / Daily TFs divergence.

Closed 1 entry for 120(ifheld, this entry could be around 600 pips), holding other 3 entries for 340+230+27

Only problem, all of these are demo
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